Manchester : 03 May 2016: Foresight Group ("Foresight”), a leading independent infrastructure and private equity investment manager has appointed Matthew Pomroy as Investment Manager to strengthen its presence in the North West.
Matthew joins Foresight from Mazars LLP where he was a Senior Corporate Finance Manager, leading disposals, acquisitions, buy-out transactions and refinancings. Prior to Mazars, Matthew has also worked at CLB Coopers Chartered Accountants and Tradition Financial Services in London.
Based in Foresight’s Manchester office on King Street, Matthew joins Foresight Partner, James Livingston and Senior Investment Manager, Claire Alvarez, in managing the Foresight Regional Investment Fund, which targets equity investments of between £1 and £5 million into profitable growth companies in the Manchester and North West region.
The Foresight Regional Investment Fund reached a First Close of £38 million in December 2015 and is targeting a final close of £60 million during 2016. Foresight’s Manchester office opened in March 2016 and a team of local professionals is being recruited to support Foresight’s regional growth strategy, the first of whom was Claire Alvarez who joined in March from Deloitte.
James Livingston, Partner at Foresight, commented: "We are delighted to have Matthew join our team. The knowledge and contact network that he will bring across from his corporate finance role at Mazars will be invaluable to developing and strengthening our base in Manchester. It’s great to have him on board.”
Matthew Pomroy added: "I am very excited to be joining the Foresight team in Manchester and to be working alongside James and Claire on identifying opportunities for Foresight’s Regional Investment Fund. I look forward to engaging with my existing corporate finance contacts from a Private Equity perspective.”
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About Foresight Group LLP ("Foresight”):
Foresight Group is a leading independent infrastructure and private equity investment manager which has been managing investment funds on behalf of institutions and retail clients for more than 30 years.
Foresight has £1.8 billion of assets under management across a number of funds, including Listed Vehicles, Limited Partnerships, Enterprise Investment Schemes (EISs) and Venture Capital Trusts (VCTs).
Foresight’s Private Equity team, comprising fifteen investment professionals, manages a portfolio of more than 35 companies, typically investing up to £5m equity in UK SMEs.